Simpson Manufacturing Co. Plans Quarterly Dividend of $0.13 (SSD)
Simpson Manufacturing (NYSE:SSD) announced a quarterly dividend on Friday, October 25th, American Banking News reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.125 per share on Thursday, January 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, December 30th.
SSD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Simpson Manufacturing from an “underperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $34.80 price target on the stock. On the ratings front, analysts at FBR & Co. initiated coverage on shares of Simpson Manufacturing in a research note to investors on Friday, September 27th. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of Simpson Manufacturing in a research note to investors on Friday, September 27th. They set a “market perform” rating and a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.27.
Shares of Simpson Manufacturing (NYSE:SSD) traded up 5.51% during mid-day trading on Friday, hitting $35.82. 755,717 shares of the company’s stock traded hands. Simpson Manufacturing has a 1-year low of $27.49 and a 1-year high of $34.33. The stock has a 50-day moving average of $31.98 and a 200-day moving average of $30.35. The company has a market cap of $1.727 billion and a price-to-earnings ratio of 39.02.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Friday, October 25th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.08. The company had revenue of $195.90 million for the quarter, compared to the consensus estimate of $188.70 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis.
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (NYSE:SSD), designs, engineers and is a manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls, and concrete construction products used for concrete, masonry and steel, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials.
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